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ICYMI: JPMorgan artificial intelligence aims to decipher Fed speeches, give trade signals
Bloomberg reported on this earlier in the week, as did other outlets. JP Morgan analysts are experimenting with a ChatGPT-style language model to divine policy signals in Federal Reserve statements and Fed officials' speeches. The JPM economists found that the AI tool can be useful in potentially predicting changes in policy — and give tradeable signals. For instance, they discovered that when the model shows a rise in hawkishness among Fed speakers between meetings, the next policy statement ha...
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Posted: Apr 28 2023, 00:37
Author Name: forexlive
Views: 081944